Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating ) was the recipient of a significant increase in short interest in the month of September. As of September 30th, short interest totaled 9,780,000 shares, a growth of 14.0% from the September 15th total of 8,580,000 shares. Based on an average daily trading volume of 1,440,000 shares, the short interest ratio is currently 6.8 days. Currently, 9.6% of the company’s shares are short sold.
Insider activity at Floor & Decor
In other news, EVP Steven Alan Denny sold 6,028 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $95.10, for a total transaction of $573,262.80. Following the transaction, the executive vice president now directly owns 4,477 shares in the company, valued at approximately $425,762.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by insiders.
Hedge funds weigh in on flooring and decor
A number of institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC boosted its holdings in Floor & Decor by 61.9% in the second quarter. CWM LLC now owns 434 shares of the company’s stock valued at $27,000 after purchasing an additional 166 shares in the last quarter. Boston Partners acquired a new position in shares of Floor & Decor during the first quarter valued at approximately $31,000. SJS Investment Consulting Inc. acquired a new stake in Floor & Decor in the 1st quarter valued at $32,000. Ellevest Inc. grew its holdings in Floor & Decor by 40.5% during the 1st quarter. Ellevest Inc. now owns 617 shares of the company’s stock valued at $50,000 after buying an additional 178 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Floor & Decor during the first quarter valued at $57,000.
Analyzer Upgrades and Downgrades
A number of research analysts recently commented on the company. Piper Sandler lowered Floor & Decor from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $103.00 to $75.00 in a report on Friday, July 29th. William Blair reiterated an outperform rating on shares of Floor & Decor in a report on Thursday, August 11th. Morgan Stanley decreased their target price on shares of Floor & Decor from $105.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, August 8th. Goldman Sachs Group lowered shares of Floor & Decor from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $109.00 to $64.00 in a research report on Monday, 27 June. Finally, MKM Partners initiated coverage on shares of Floor & Decor in a research note on Thursday, June 23rd. They issued a “neutral” rating and a $65.00 target price for the company. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat , Floor & Decor currently has an average rating of “Moderate Buy” and an average price target of $105.14.
Floor and decor sales with 0.5 %
Shares of FND stock traded up $0.32 on Tuesday, reaching $70.96. The company had a trading volume of 1,262,857 shares, compared to its average volume of 1,360,988. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.14 and ‘ a current ratio of 1.26. Floor & Decor has a twelve month low of $59.91 and a twelve month high of $145.89. The stock’s 50-day moving average is $79.94 and its two-hundred-day moving average is $77.14. The firm has a market cap of $7.52 billion, a P/E ratio of 27.61, a P/E ratio of 1.03 and a beta of 1.80.
Floor & Decor (NYSE:FND – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. Floor & Decor had a net margin of 7.09% and a return on equity of 19.25%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The business’s quarterly revenue was 26.7% higher compared to the same quarter last year. On average, equities research analysts anticipate that Floor & Decor will post 2.71 earnings per share for the current fiscal year.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc. operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl and natural stone flooring products, as well as decorative and installation accessories.
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